Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO – Get Free Report) was the target of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 168,100 shares, an increase of 487.8% from the March 31st total of 28,600 shares. Based on an average trading volume of 309,200 shares, the days-to-cover ratio is presently 0.5 days.
Highland Funds I – Highland Opportunities and Income Fund Stock Up 1.7 %
NYSE:HFRO traded up $0.11 during mid-day trading on Friday, reaching $6.48. The stock had a trading volume of 128,282 shares, compared to its average volume of 363,945. Highland Funds I – Highland Opportunities and Income Fund has a 1-year low of $5.92 and a 1-year high of $9.38. The stock’s 50 day simple moving average is $6.50 and its two-hundred day simple moving average is $7.23.
Highland Funds I – Highland Opportunities and Income Fund Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 23rd will be paid a $0.038 dividend. The ex-dividend date of this dividend is Monday, April 22nd. This represents a $0.46 dividend on an annualized basis and a yield of 7.04%.
Hedge Funds Weigh In On Highland Funds I – Highland Opportunities and Income Fund
Highland Funds I – Highland Opportunities and Income Fund Company Profile
Highland Funds I – Highland Opportunities and Income Fund is a close-ended fixed income mutual fund launched by Highland Capital Management, L.P. It is managed by Highland Capital Management Fund Advisors, L.P. The fund invests in fixed income markets of countries across the globe. It primarily invests in floating rate loans and other securities deemed to be floating rate investments, with an emphasis on adjustable rate senior loans to corporations and partnerships.
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